Robert Parks - Aug 15, 2023 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
Chief Accounting Officer
Signature
By: Roberta S Cohen, Attorney-in-Fact for Robert Parks
Stock symbol
NTAP
Transactions as of
Aug 15, 2023
Transactions value $
-$17,623
Form type
4
Date filed
8/17/2023, 04:00 PM
Previous filing
Jul 25, 2023
Next filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common shares Options Exercise $0 +795 +9.3% $0.00 9.34K Aug 15, 2023 Direct
transaction NTAP Common Shares Tax liability -$17.6K -231 -2.47% $76.29 9.11K Aug 15, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NTAP Restricted Stock Unit Options Exercise $0 -375 -12.5% $0.00 2.63K Aug 15, 2023 Common Stock 375 $0.00 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise $0 -420 -8.32% $0.00 4.63K Aug 15, 2023 Common Stock 420 $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert into common stock on a one-for-one basis.
F2 On July 1, 2021, the reporting person was granted 6,000 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2022 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
F3 On July 1, 2022, the reporting person was granted 6,733 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2023 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.